Jeremiah Bates and attorney Steve Rausch emphasize the significance of estate planning and the benefits of using trusts to manage assets, maintain control, and minimize tax implications. They compare the tax implications of gifting property versus transferring through an estate plan, stressing the importance of understanding cost basis and capital gains taxes. They touch on some anticipated tax law changes, especially the potential sunsetting of the Tax Cuts and Jobs Act, highlighting the need for proactive financial planning. Additionally, they cover the importance of long-term care planning and appropriate insurance policies, noting rising costs and the need to prepare in other ways besides just insurance.

 

(Also, sorry for the audio quality... oops!)

 

Listen, Watch, Subscribe, Ask!

https://www.therealmoneypros.com

 

Hosts:

Jeremiah Bates, Financial Advisor

Steven Rausch, Attorney

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SPONSORS:

Guild Mortgage:

https://guildmortgage.com

 

Ataraxis PEO

https://ataraxispeo.com

 

Tree City Advisors of Apollon:

https://www.treecityadvisors.com

 

Apollon Wealth Management:

https://apollonwealthmanagement.com/

 

Formations:

https://get.formationscorp.com/real-money-pros

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